Stella-Jones (OTCMKTS:STLJF) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Stella-Jones (OTCMKTS:STLJF) posted its quarterly earnings results on Thursday. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.09), Zacks reports. The company had revenue of $529.37 million during the quarter, compared to the consensus estimate of $554.50 million.

Stella-Jones Stock Up 0.8%

Shares of Stella-Jones stock traded up $0.52 on Friday, reaching $68.99. The stock had a trading volume of 7,951 shares, compared to its average volume of 2,429. Stella-Jones has a 1 year low of $44.34 and a 1 year high of $72.46. The company has a 50 day moving average price of $66.34 and a 200 day moving average price of $61.07.

Analysts Set New Price Targets

Separately, Scotiabank upgraded Stella-Jones from a “sector perform” rating to an “outperform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

About Stella-Jones

Stella-Jones Inc is a North American producer and distributor of pressure-treated wood products used in infrastructure, utility and residential applications. The company’s core offerings include treated railroad ties, utility poles, crossarms, landscape timbers and posts designed to withstand environmental stresses and extend service life. These products support a range of end markets from railways and power transmission to fencing and outdoor construction.

Founded in 1970 and headquartered in Montreal, Canada, Stella-Jones has grown through both organic expansion and targeted acquisitions to establish a network of manufacturing and treatment facilities across Canada and the United States.